>>> Gapping down

Gapping down
In reaction to disappointing earnings/guidance:

X -18.1%, SUP -9.9%, CREE -7.3%, (also forms JV w/ San'an Optoelectronics to produce and deliver to market high-performing, mid-power lighting class LED packaged products in an exclusive arrangement to serve the expanding markets of North and South America, Europe and Japan, and serve China), MTSI -7.3%, NUVA -4.8%, STX -4.5%, ULTI -4%,DFS -3.7%, COF -3.7%, DDR -3.2%, ILMN -3%, BABY -3%, ALK -2.6%, NYCB -2.5%, SAN -2.4%, CHRW -2.2%, CHRW -2.2%, EQR -1.9%, CVA -1.6%, GD -1.6%, JBT -1.5%, STL -1.3%, BXMT -1.3%, BAX -1.1%, MRCY -1%, ALGT -0.9%, MTL -0.9%, RNG -0.8%, PEP -0.8%, PG -0.7%

Select metal stocks trading lower in sympathy with X earnings:

CLF -4.7%, STLD -4%, AKS -2.7%, CMC -2.4%, NUE -2.1%, MT -1.9%, RIO-1.3%, VALE -0.7%

Other news:

FLXN -10.2% (commences $125 mln offering of convertible senior notes due 2024)
MOMO -4% (still checking, hearing vague speculation of a possible investigation)
MPW -3.7% (prices offering of 37.5 mln shares of common stock at $13.25 per share)
NBIX -1.1% (to offer $450.0 mln aggregate principal amount of convertible senior notes due 2024; provides several updates in conjunction with the $450 mln convertible senior notes offering)
CALI -0.9% (after closing near highs -- up 30% yesterday)
BHP -0.7% (reports Q1 operational review)

Analyst comments: